The Thief of Wall Street
Your and My Lessons Learned Losing and Gaining in Trading 5 replies
Lessons Learned during System Development 29 replies
Rookie Lessons Learned 5 replies
What i learned today 14 replies
Things I've learned (as a n00b) 6 replies
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DislikedMy great respect to Chicky for this very informative thread.
Keep it up n God Bless you for your good-will
Only God can rewards u the best ..Ignored
Dislikedroko, thanks for your very kind words. Not sure if I deserve these. Just trying to save many from all hardwork and pain I went through. There maybe many more profitable methods, but this is the best I could produce.Ignored
Dislikedthat 1% thing is amazing chicky, and did u know u are actually using those lines to determine divergence? cool right?
your cool and great chicky, very wise with ur experience and always willing to share. not afraid.
did u know 'rokokdaun' in indonesian means leaf ciggaarete? or maybe he implied the tobbaco leaves to smoke hahahaah
lol rokok daun... i gotcha dudeIgnored
DislikedLOL.
Buma, you can never imagin how many times I went into circles and circles before finding this basic rule: Its no system if there's no logic supporting it.............. a real logic.
I do use these lines combined with pa reading and fundamentals, but lines prevail all other factors.
Many use 1%, 2% and 2.5% rule, but I am not sure if they have same logic that I have for this 1% rule.Ignored
DislikedDamn chciky nice job
what are ur win results so far? % profit, average profit, average loss, etc?Ignored
DislikedWin:Loss ratio so far is 55:45, but I expect average win:loss ratio of 60:40 in a block of 100 trades (20% profit). As mentioned in an earlier post, for this demonstration I have certain rules that do not apply to my actual trading. For example minimum trade size for my actual accounts is 10 pips but for this account it is 60 pips. Most trades on my actual accounts are for less than 60 pips and therefore this demo account misses many opportunities. But the basics are the same.
Annual stress-free return is 20% but in the past two years I got a...Ignored
Dislikedhmm okay. so do u believe u can get that 60/40 ratio in that block of trades?
i think its achievable, with any type of trading.
its a smart way with the R/R. its either u r wrong or right. very good.
i dont really use Tp unless i go away or something. i find it too foretelling of price to set a profit target whiel we are on screen because market is dynamic... after all we are speculators and betting that price moves our way yes?
so in ur opinion and this system of trading as a whole, is a TP recommended for this?
thanxIgnored